Countrywide Financial Corporation today announced plans to withdraw the listing of its common stock from NYSE Arca, Inc., formerly the Pacific Exchange. Countrywide Financial Corporation’s common stock will continue to be listed on the New York Stock Exchange. Countrywide Financial Corporation said it had decided to withdraw its listing from NYSE Arca, Inc. to eliminate duplicative administrative requirements inherent with dual listings as a result of the NYSE Group’s recent merger with Archipelago Holdings, the parent company of NYSE Arca, Inc. The withdrawal is expected to be effective by year-end 2006. In a statement, Countrywide Financial Corporation said it does not believe that withdrawing its listing from NYSE Arca, Inc. will have any impact on the liquidity of its stock. NYSE Arca, Inc. will continue to trade Countrywide Financial Corporation stock on an unlisted trading privilege basis. Countrywide’s move follows Fannie Mae’s announcement last week of its intention to similarly delist from the NYSE Arca/Pacific.

Most Popular Articles

Here are the mortgage lenders that borrowers like the most

J.D. Power’s 2019 U.S. Primary Mortgage Origination Satisfaction Study, released Thursday morning, showed that there are some lenders that customers seem to love working with more than others. Here are the ones that borrowers are partial to.

Nov 14, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By